We’re excited to share some significant news with you! After an impressive 22-year journey in the accounting industry, our Co-founder and Director, Jane Grant, has decided to retire. Jane has been an integral part of Ammu’s growth, playing a vital […]
Author: Sarah Shannon
Spotlight on a City Centre Business: Elizabeth Bandeen – Massage Therapist Glasgow.
City centre businesses are currently facing tough challenges due to the pressures of LEZ regulations, bus gates, parking charges, and the ever-changing ScotRail timetable. Yet, clients like the tenacious Elizabeth Bandeen continue to adapt and thrive. This latest client spotlight […]
New £500 Income Exemption for Trusts Starting 6 April 2024: Benefits and Complexities
The introduction of a £500 income exemption from 6 April 2024 will impact many trusts.
Analysing the Spring Budget Impact:
What was almost certainly the last Budget before the election was a serving of the widely expected, sprinkled with a handful of small surprises.
Scottish Budget: Additional Announcements
Some other announcements worth sharing include: You can read our Scottish budget economic summary and Scottish budget tax announcements Get in touch today for expert accounting and tax advice.
Income tax saving opportunities
Switching income from one spouse or partner to the other can help save tax. Everyone should make sure they use their personal allowance (a maximum of £12,570 in 2023/24, and frozen at this level until 2027/28). For couples, if either […]
Making the dividend or bonus decision
The end of the tax year is drawing near and many owner-directors of companies are putting their minds to deciding which is more tax-efficient: a bonus or a dividend. Tax laws and rates that will affect your decision have changed […]
Tax-deductible car charges
The expansion of London’s Ultra Low Emission Zone (ULEZ) has focused attention on the business use of cars and whether clean air charges are tax-deductible. As well as London, ULEZ charges for non-compliant cars are imposed in Bristol and Birmingham, […]
Employee share incentive schemes under review
Use of two tax-advantaged employee share schemes has declined since 2016, prompting a review into whether their rules are sufficiently simple and clear, and contain enough flexibility to meet companies’ needs. A government-commissioned research report published in June found that […]
Spring Statement 2023: Tax Administration
Charitable reliefs UK charity tax reliefs and exemptions will be restricted to UK charities and community amateur sports clubs (CASCs). The change is effective from 15 March 2023 and affects income tax, CGT, corporation tax, IHT, stamp duty, SDLT, SDRT, […]
Super Deduction Scheme Ending
Did you know the Super Deduction Scheme Ends on 31 March 2023? The good news is there is still time to take advantage of this opportunity to grow your business with the Super Deduction allowance before the incentive runs out. […]
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